Ing Direct

[ruffryder44]

I don't know if this has been posted yet but anybody looking for a great savings account needs to open an ING DIRECT SAVINGS account! It is outstanding. The intrest paid on it is incredible! I am dancing all the way to the bank!

 

[ruffryder44]

thanks for the info

 

[ruffryder44]

it's sad when you got to thank yourself

 

[ruffryder44]

I thank everyone when they post wether it's garbage or not

 

[kjxxxx]

I had referred a bit back when they were offering $25 if you opened the account with $1 min and a referral link from a customer. Now you still get the $25 if you open with a min of $250 and the referral link from a customer.

I thought people would have jumped on it then but no one seemed to want $25.

 

[BRUHA]

I've had my ING Direct account since 2004. It has better returns than the Money Market Accounts at my credit union.

 

[Kentaro]

how much % do they offer? Paypal is currently offering me 5%

 

[BoltSteve]

currently it is 4.5%

 

[sexybastard]

ING Direct % rate is the truth. I could pay a few bills with the interest rate I get. The money I make off the interest alone fucks me up at tax time, but oh well...I got money bank...shorty what you think.

 

[kjxxxx]

how much % do they offer? Paypal is currently offering me 5%

I was considering using PAYPAL for my business but I don't trust the security of it. Something keeps telling me that someone can get to it easily.

 

[Lucient]

Yeah dont trust paypal. They have all kinds of security breaches. I just opened a HSBC savings accound and they offer 5.05% interest and its 6% until april

 

[kjxxxx]

Yeah dont trust paypal. They have all kinds of security breaches. I just opened a HSBC savings accound and they offer 5.05% interest and its 6% until april

I read the PayPal fine prints and here is what it says:

Competitive Return
5.02% 7-Day Average Yield as of 1/3/2007

* Immediate access: Get your money just as fast as with your PayPal account.1 See the prospectus today.

* No minimum investment: Invest as little as $1.00 USD in the Money Market Fund. You don’t have to worry about maintaining a certain balance.

* Managed by experts: PayPal’s Money Market Fund is managed by Barclays Global Investors, international experts who oversee over $1.50 USD trillion in global assets.


For more information, please read the prospectus. You can also view your Money Market activity log or the 2005 Annual Report and the 2006 Semi-Annual Report. If you wish to close your Money Market Account, please click here.

Note: Investments in the PayPal Money Market Fund are not insured by the FDIC. Past performance does not guarantee future results. Although the fund strives to maintain the value of your investment at $1.00 USD per share, it is possible to lose money by investing in the fund.

1Redemptions can occur only on business days.

The PayPal Money Market Fund is designed primarily as an automatic sweep investment for uninvested cash balances in PayPal customer accounts. Distributed by Funds Distributor, Inc. PayPal is not affiliated with Funds Distributor, Inc. or with Barclays Global Investors.

Translation: Your money could decrease.

My problem is I cannot find any for a business account. Looks like I will have to do what the banks do and put it into online money market funds and hopefully it does not decrease.
Paypal do notify you when changes are made to your account at least they have that bit of security.

 

[Chase Bannon]

I found one that offers a higher rate 5.30%. It's a black online back. The only catch is you need $1000 to open the account. Here is the bank https://www.oneunited.com

 

[Gadgetman]

I found one that offers a higher rate 5.30%. It's a black online back. The only catch is you need $1000 to open the account. Here is the bank https://www.oneunited.com

Do you or know someone who banks with them ?

 

[olheadfutch]

is the 5 percent incurred per month or year?

 

[Lick]

I don't know if this has been posted yet but anybody looking for a great savings account needs to open an ING DIRECT SAVINGS account! It is outstanding. The intrest paid on it is incredible! I am dancing all the way to the bank!

My Brother, Buy gold & silver with your paper and put a thousand or two in any account.... The rate of inflation, taxes and the reducing value of the currency is not enough to make me save. It is the owner of the bank that is doing the dancing.
Stay up!

 

[dacrazydeafdawg]

how much % do they offer? Paypal is currently offering me 5%

paypal aint FDIC insured

if ebay go broke like a wall street crash.. u can kiss that $100 goodbye

ing direct offer 5.65% and i believe if you refer a friend/associate you can get $25 kickback into your account PER each referral.


ing direct is compounding interest like a mofo

citi also has something like that as well...

 

[Lick]

paypal aint FDIC insured

if ebay go broke like a wall street crash.. u can kiss that $100 goodbye

ing direct offer 5.65% and i believe if you refer a friend/associate you can get $25 kickback into your account PER each referral.


ing direct is compounding interest like a mofo

citi also has something like that as well...

Bruh… You make it sound as if the FDIC is the shit.
This is the good & the bad with the FDIC;
The bad, only up to 100K is insured. If something were to happen you will only get $0.80 to the dollar (on that 100K). The FDIC can/will take up to 7 years to pay you that $0.80 to the dollar and when they do it will be a bond for the face value of the $0.80 (100K = 80Kbond in 7 years).
The FDIC is not our Federal Government. It is an insurance company.

The good is if you have 100K and something horrible took place, then you will only loose 20K and in 7 years you can cash that bond they gave you.

Stay Up!

 

[Chase Bannon]

Do you or know someone who banks with them ?

I don't but I will recommend using them for the investment club we are starting.

 

[dacrazydeafdawg]

Bruh… You make it sound as if the FDIC is the shit.
This is the good & the bad with the FDIC;
The bad, only up to 100K is insured. If something were to happen you will only get $0.80 to the dollar (on that 100K). The FDIC can/will take up to 7 years to pay you that $0.80 to the dollar and when they do it will be a bond for the face value of the $0.80 (100K = 80Kbond in 7 years).
The FDIC is not our Federal Government. It is an insurance company.

The good is if you have 100K and something horrible took place, then you will only loose 20K and in 7 years you can cash that bond they gave you.

Stay Up!

i disagree with you because FDIC is regulated by the Federal Reserve

After the stocks crash toward the ends of the roaring twenties... Banks are regulated by the US Treasury Department.


I dont think FDIC is the shyt... if anything I am glad it is there.

as for Paypal I was just stating a fact.

there are many internet banks sprouting up... personally i like ing direct and citi because they are part of a well establish brand name.


Internet banks can offer higher interest rate because of low overhead costs.

 

[Lick]

i disagree with you because FDIC is regulated by the Federal Reserve

After the stocks crash toward the ends of the roaring twenties... Banks are regulated by the US Treasury Department.


I dont think FDIC is the shyt... if anything I am glad it is there.

as for Paypal I was just stating a fact.

there are many internet banks sprouting up... personally i like ing direct and citi because they are part of a well establish brand name.


Internet banks can offer higher interest rate because of low overhead costs.

Okay bruh... We disagree... However, facts are facts... Look it up... You should know that I am glad they are there as well! I only loose 20K per 100K per account.
Stay Up!

 

[rawlo5660]

Do you or know someone who banks with them ?

I bank with oneunited.

 

[Chase Bannon]

I bank with oneunited.

How are they so far?

 

[rawlo5660]

How are they so far?

One United is very easy to work with. What initially attracted me to the bank was the 5.30 apy, but what I really like is that i can transfer money from my existing bank account to the One United Bank completely online. I even called their customer service when I needed help and they were very helpful. Judging from personal experience so far, One United is much better than Wells Fargo. I encourage others to open an account with them.